Franklin India Large & Mid Cap Fund
The fund is heavily anchored in financial services—banking dominates at 16%—signaling confidence in monetary easing and credit growth. The manager's recent rotation into cement, autos, and logistics while trimming software exposure suggests a tactical shift away from IT's premium valuations toward cyclical recovery plays. With modest cash elevation and fresh positions in capital-intensive sectors, the portfolio reflects conviction in infrastructure-led growth over the near term, though concentration in the top ten holdings warrants monitoring for liquidity risk.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹182.5721 | -1.10% | -2.05% | +14.11% | +12.79% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Ultratech Cement Ltd | 1.61% |
| Tata Motors Ltd | 1.23% |
| Godrej Properties Ltd | 1.04% |
| Delhivery Ltd | 0.89% |
| Blue Star Ltd | 0.29% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Eternal Ltd INE758T01015 | 3.94% |
| 2 | Call, Cash & Other Assets Call, Cash & Other Assets | 3.83% |
| 3 | HDFC Bank Ltd INE040A01034 | 2.95% |
| 4 | ICICI Bank Ltd INE090A01021 | 2.90% |
| 5 | Kotak Mahindra Bank Ltd INE237A01036 | 2.86% |
| 6 | J.B. Chemicals & Pharmaceuticals Ltd INE572A01036 | 2.80% |
| 7 | Mahindra & Mahindra Ltd INE101A01026 | 2.75% |
| 8 | Axis Bank Ltd INE238A01034 | 2.48% |
| 9 | State Bank of India INE062A01020 | 2.46% |
| 10 | PB Fintech Ltd INE417T01026 | 2.40% |
| 11 | AU Small Finance Bank Ltd INE949L01017 | 2.32% |
| 12 | Vishal Mega Mart Ltd INE01EA01019 | 2.19% |
| 13 | Marico Ltd INE196A01026 | 2.11% |
| 14 | Persistent Systems Ltd INE262H01021 | 2.02% |
| 15 | Colgate Palmolive (India) Ltd INE259A01022 | 2.01% |
| 16 | Crompton Greaves Consumer Electricals Ltd INE299U01018 | 1.99% |
| 17 | Canara HSBC Life Insurance Co Ltd INE01TY01017 | 1.97% |
| 18 | Apollo Hospitals Enterprise Ltd INE437A01024 | 1.96% |
| 19 | Max Financial Services Ltd INE180A01020 | 1.94% |
| 20 | Swiggy Ltd INE00H001014 | 1.90% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Franklin India Large & Mid Cap Fund hold?
Franklin India Large & Mid Cap Fund holds 57 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 15.46% of NAV.
What is the largest holding in Franklin India Large & Mid Cap Fund?
The largest position in Franklin India Large & Mid Cap Fund is Eternal Ltd, accounting for 3.94% of NAV in the Retailing sector.
Is Franklin India Large & Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.222, Franklin India Large & Mid Cap Fund is well-diversified. The HHI concentration index is 18,885 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 15.46% of the portfolio.
What is the market cap allocation of Franklin India Large & Mid Cap Fund?
Based on SEBI's AMFI classification, Franklin India Large & Mid Cap Fund's equity portfolio is split as: Large Cap: 37.58%, Mid Cap: 35.94%, Small Cap: 18.19%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India Large & Mid Cap Fund invest in most?
Franklin India Large & Mid Cap Fund has the highest allocation to Banks (15.98%), Retailing (9.67%), IT - Software (6.70%). The fund is invested across 28 sectors in total.
How actively managed is Franklin India Large & Mid Cap Fund compared to other Large & Mid Cap Fund funds?
Franklin India Large & Mid Cap Fund has an Active Share of 68.74%, classifying it as "Active Stock Picker" among 33 Large & Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Franklin India Large & Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India Large & Mid Cap Fund added 5 new stocks (including Ultratech Cement Ltd) and exited 1 stock (including Corona Remedies Ltd). Total holding count increased from 54 to 58 stocks.